Close Asset Management Ltd Lowers Stake in Procter & Gamble Company (The) $PG

Close Asset Management Ltd lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,567 shares of the company’s stock after selling 3,247 shares during the period. Close Asset Management Ltd’s holdings in Procter & Gamble were worth $11,455,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PG. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $25,000. Corundum Trust Company INC bought a new stake in Procter & Gamble during the 3rd quarter valued at $32,000. Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth $37,000. Redmont Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 3rd quarter worth $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at $44,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock opened at $163.67 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $380.37 billion, a PE ratio of 24.25, a PEG ratio of 5.46 and a beta of 0.38. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The business’s fifty day simple moving average is $150.50 and its 200-day simple moving average is $151.03.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,809 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total transaction of $288,463.14. Following the sale, the insider directly owned 30,215 shares of the company’s stock, valued at $4,818,083.90. The trade was a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,827 shares of Procter & Gamble stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the sale, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 343,069 shares of company stock valued at $54,545,448. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PG shares. Rothschild & Co Redburn upped their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and upped their target price for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.